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MBIA Shares Have More Upside

MKM Partners says the firm can now monetize its National Public Finance unit.

May 8, 2013

MBIA (MBI: NYSE) By MKM Partners ($9.83, May 6, 2013)

We maintain our Buy rating and $18 price target on MBIA.

After five long years and arguably one of the most intriguing corporate chess matches ever played, MBIA (ticker: MBI) and Bank of America (BAC) announced a comprehensive settlement that MBIA expects to receive New York State...